When Paccar (PCAR) Moves Investors should Listen

September 27, 2022, 19:00 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Paccar (NASDAQ: PCAR) report below is a real world example. Included are trading plans for PCAR, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for PCAR

• Buy PCAR slightly over 80.81 target 87.19 stop loss @ 80.58 Details

The technical summary data tells us to buy PCAR near 80.81 with an upside target of 87.19. This data also tells us to set a stop loss @ 80.58 to protect against excessive loss in case the stock begins to move against the trade. 80.81 is the first level of support below 82.96 , and by rule, any test of support is a buy signal. In this case, support 80.81 would be being tested, so a buy signal would exist.

• Short PCAR slightly under 87.19, target 80.81, stop loss @ 87.44 Details

The technical summary data is suggesting a short of PCAR as it gets near 87.19 with a downside target of 80.81. We should have a stop loss in place at 87.44though. 87.19 is the first level of resistance above 82.96, and by rule, any test of resistance is a short signal. In this case, if resistance 87.19 is being tested, so a short signal would exist.

Swing Trading Plans for PCAR

• Buy PCAR slightly over 84.19, target 87.19, Stop Loss @ 83.95 Details

If 84.19 begins to break higher, the technical summary data tells us to buy PCAR just slightly over 84.19, with an upside target of 87.19. The data also tells us to set a stop loss @ 83.95 in case the stock turns against the trade. 84.19 is the first level of resistance above 82.96, and by rule, any break above resistance is a buy signal. In this case, 84.19, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PCAR slightly near 84.19, target 81.94, Stop Loss @ 84.43. Details

The technical summary data is suggesting a short of PCAR if it tests 84.19 with a downside target of 81.94. We should have a stop loss in place at 84.43 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 84.19, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for PCAR

• Buy PCAR slightly over 83.17, target 84.19, Stop Loss @ 82.98 Details

If 83.17 begins to break higher, the technical summary data tells us to buy PCAR just slightly over 83.17, with an upside target of 84.19. The data also tells us to set a stop loss @ 82.98 in case the stock turns against the trade. 83.17 is the first level of resistance above 82.96, and by rule, any break above resistance is a buy signal. In this case, 83.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PCAR slightly near 83.17, target 81.94, Stop Loss @ 83.36. Details

The technical summary data is suggesting a short of PCAR if it tests 83.17 with a downside target of 81.94. We should have a stop loss in place at 83.36 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 83.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

PCAR Ratings for September 27:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	80.81
P2	81.73	81.94	87.19
P3	83.17	84.19	93.51

Support and Resistance Plot Chart for PCAR

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.